Does aATP ABC respect Listings & Exclusions in S4 On-Prem 2022?

Our concern uses aggregate merchandise versions. Listings & Exclusions maestro information is created astatine the merchandise mentation level. 

Example: Product A tin beryllium substituted by Product B oregon Product C for Customer-One but tin lone beryllium substituted by Product B for Customer-Two.

Does ABC respect Listings & Exclusions erstwhile substituting products?